Weis Wave with Alert
- Indicators
- Trade The Volume Waves Single Member P.C.
- Version: 10.0
- Updated: 8 October 2023
- Activations: 10
| Rent | Monthly | Six Months | Yearly/Lifetime |
|---|---|---|---|
| Weis Wave with Speed with Alert+Speed Index | x | x | x |
| Manual | x | x | x |
| Quick Set up Video | x | x | x |
| Blog | x | x | x |
| Lifetime Updates | x | x | x |
| Setup and Training Material | x | x | |
| Rectangle Break Alert Tool | x | ||
| Discord Access Channel "The SI traders" | x |
How to trade info visit:
http://www.tradethevolumewaves.com
** If you purchase please contact me to setup your : Two hour webinar and training Room and complete manual access.This is a Weis Wave indicator which is based on Richard D. Wyckoff theory. It works in all time periods, range bar and tick bar charts and it can be applied to any market.
This indicator is an evolution of Weis Wave because it offers the autowaves feature, five different wave types as well as the powerful Speed Index. Each price wave is moving in a specific direction up or down until it reverses. In order for the indicator wave to reverse in the opposite direction, the price should exceed the number of points (pip*10) set in the parameters. Therefore, the last wave repaints but the theory behind this trading method is forecasting where the market will go by reading the previous waves.
Setup Parameters
- Indicator Number: Multiple Indicators can be added on the same chart. Valid values "0 to 9" and "a-z"
- Show Orders: display or not your orders
- Difference: Number of points required for the current wave to reverse and form a new wave
- AutoDifference: true/false - Neglects the Difference parameter and adjusts the Difference automatically creating more accurate waves.
- AutoSensitivity: The higher the number the higher the sensitivity and therefore more waves are formed.
- Weighted Volume: true/false - Weights volume of different sessions taking into consideration that when London and US are operating at same time have the highest volume of all sessions occurs and adjusts the rest of the sessions. With this parameter it very easy visualize which volumes are significant even on Asian hours or non-significant on London-US hrs.
Not to be used with constant tick charts.
- Net Volume: 0-Disabled, 1-Price Close, 2 Price Median
- Wave Type: 0-Regular Volume, 1-Pips, 2 Progressive Volume Rate. 3-Time, 4- Emphasized Volume Waves, 5 - Inverse Progressive Pip Rate
- SI (Speed Index) Display: Show speed index 0 No Display, 1 Speed Index only, 2 Volume and Speed Index, 3 Volume and Average Speed Index, 4 Speed Index and Wave Speed (Fast or Slow)
- Show Plutus Patterns or Not
- Alert on Plutus Patterns: Popup, Sound, Email, Push
- SpeedAlert: There are two ways that you can be notified for Extreme Speed Index numbers the Automatic and the Manual, please refer to the manual for explanations.
- Alerts :Popup, Sound, Email, Push
- Format Wave and Label parameters
- ShowLabels: Display or not the volume, the pips and the number of bars of each wave
- What to Display:1-Volume,2-Pips, 3-Bars, 4-All, 5-Volume and Pips
- ShowWaveLine: Draw the wave line or not
- Format parameters: LabelShift, Font size, Color Up Color down, wave color, wave width.
Volume Alert Parameters (Wave Type)
The info displayed by the alert function are: the pair, the period, a message “High Dn Volume” or “High Up Volume” and the time.
- Volume Alert above this limit: The value of cumulative volume that will be triggered if the alert is exceeded
- Alerts: Popup, Sound, Email, Push
- VolDivBy: Volume divider in order to avoid big numbers on the display
- PipDivBy: Pip distance divider in order to avoid big numbers on the display
- SI Multiplier: Speed Index multiplier for better display.
- Reverse_style: negative down waves
Location of parameters to be displayed (Corner, Y offset, X offset, Font, Font Size)
A excellent & quality indicator with great support and thorough education from Takis.